The gift
cards are designed as credit cards with a magnetic stripe and in some cases
also a bar code for simple scanning in the store. The cards also have a card
number and CVC, allowing holders to use them also for online purchases. They
can be tied to a specific merchant, chain or shopping centre and work in all
payment terminals.
Benefits:
- PayEx gift card products have many benefits.
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- The money is deposited in a central account
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- Real-time control over payment flows
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- The same handling of physical gift cards throughout the
chain
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- The same handling in all countries
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- Can be used online and in payment terminals
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- You can check the balance on your customers’ gift cards
online and in the payment terminal
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- Users can check their balance on their mobile phones
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- Option of creating customised reports
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- The web interface allows you to administer the gift cards
yourself
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- Option of adapting the cards to cover any special
requirements
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- An additional set of functions for chains with franchise
stores
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- Option of handling liquidity flows; PayEx will receive and
pay out the liquid assets to the store.
PayEx has delivered the gift card solution to Elkjøp
Nordic’s five chains in Sweden, Norway, Denmark and Finland.